Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Receives $17.47 Consensus Target Price from Brokerages

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) has been given a consensus recommendation of "Buy" by the eight analysts that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.47.

Several equities analysts recently commented on PBR shares. HSBC raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Wednesday, March 5th. Jefferies Financial Group raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 target price for the company in a research report on Thursday, May 15th. Wall Street Zen raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th.

Institutional Trading of Petróleo Brasileiro S.A. - Petrobras

Large investors have recently modified their holdings of the stock. GQG Partners LLC raised its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 8.0% during the first quarter. GQG Partners LLC now owns 256,098,882 shares of the oil and gas exploration company's stock valued at $3,672,458,000 after purchasing an additional 18,862,848 shares during the period. Carrhae Capital LLP bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the first quarter valued at approximately $64,765,000. Lazard Asset Management LLC increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 16.4% during the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company's stock valued at $279,779,000 after acquiring an additional 3,072,312 shares in the last quarter. New York State Common Retirement Fund acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the first quarter worth approximately $29,984,000. Finally, Artemis Investment Management LLP grew its position in Petróleo Brasileiro S.A. - Petrobras by 30.2% in the 1st quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company's stock valued at $56,052,000 after purchasing an additional 905,800 shares during the period.

Petróleo Brasileiro S.A. - Petrobras Price Performance

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded down $0.15 during trading on Friday, reaching $11.76. 7,153,823 shares of the company's stock were exchanged, compared to its average volume of 17,347,179. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73. The company has a market cap of $75.81 billion, a P/E ratio of 4.59, a PEG ratio of 0.18 and a beta of 0.87. The firm's 50-day moving average price is $12.39 and its 200 day moving average price is $13.26.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be paid a $0.2806 dividend. The ex-dividend date is Wednesday, June 4th. This is a positive change from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. This represents a yield of 17.6%. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 82.09%.

Petróleo Brasileiro S.A. - Petrobras Company Profile

Petróleo Brasileiro SA - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.